Arvid Aulin

Foundations of Economic Development (eBook, PDF)

• Format: PDF

Produktbeschreibung

DYNAMIC ECONOMICS with increasing returns is extended to cope with economic growth, the business cycles and the irregular swings in the long-term development as different aspects of the same dynamical system, the economic system "as a whole". HUMAN CAPITAL emerges as the seminal concept: economic growth is in this dynamics causally reduced to the growth of human capital and thus to the growth of exact scientific knowledge. An analysis of this knowledge shows that quality education in hard sciences must be a prime target of future economic policies. A CAUSAL STRUCTURE, new in economics, underlies the extended dynamics. To enable students to study and to improve it, a detailled introduction to nonlinear causality is given, emphasizing the points relevant to this causal structure. NATIONAL ACCOUNTING and input-output dynamics are suggested to be extended to include also the production prices and production of human capital and of human time, by using a method of calculation indicated in detail in the book.

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Produktdetails

• Verlag: Springer Berlin Heidelberg
• Seitenzahl: 372
• Erscheinungstermin: 6. Dezember 2012
• Englisch
• ISBN-13: 9783642775925
• Artikelnr.: 53136352

Autorenporträt

The subject of this book is an extension of dynamic economics with increasing returns, in search of a post-socialist political economy. The method of strictly causal analysis based on dynamical systems makes it possible to represent different aspects of economic behaviour in a single dynamical system.

Inhaltsangabe

I. Human Capital: The Fundamental Concept.- 1. Science and Human Capital.- 2. Enemies of Human Capital.- 3. The Nature of Exact Science.- II. Nonlinear Causality: An Introduction to Higher Analysis of Causal Processes.- 4. Mathematical Dynamics as the Fundamental Method of Causal Science.- 5. Developmental Stages of Mathematical Dynamics.- 6. Causality in Bounded Dynamics: Full Predictability Or Chaos.- 7. Causality in Unbounded Dynamics: Self-steering.- III. Economic Causality: The Reduction to Human Capital.- 8. Extended Input-Output Dynamics and the Concept of National Economy.- 9. The Neoclassical Tradition.- 10. Fundamental Economic Causality: A Generalized Lucasian Dynamics.- IV. The Politico-Cultural Causality of Human Capital.- 11. On the Mathematical Dynamics of Human Action.- 12. The Politico-cultural Factors of Human Capital.- References.- Addendum: The Business Cycles Revisited.